natural gas

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. For a while now, CFE Internacional (CFEi), a company incorporated in 2016 in Delaware, has been among the 15 largest marketers of…

Tellurian Inc. said Friday that two sales and purchase agreements (SPA) underpinning its proposed Driftwood LNG terminal in Louisiana have been terminated, dealing another major blow to the project, which was already facing delays. In a regulatory filing with the Securities and Exchange Commission (SEC), Tellurian said an affiliate of Shell plc had terminated a…

Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. NGI’s Spot Gas National…

The market dynamics that have helped boost U.S. LNG export projects since the early spring are likely to continue, at least in part, but the next wave of terminal development will have added financing and inflationary hurdles, according to analysts with Poten & Partners. The Houston-based consultancy has been tracking a flurry of contracting and…

Natural gas prices at the Waha pricing point in West Texas continue to offer an attractive long-term option for offtakers, according to an analysis from the U.S. Energy Information Administration (EIA). Since late 2021, the difference “has been widening” between the natural gas price at Waha and the Henry Hub benchmark in Louisiana, researchers said.…

California leaned more heavily on natural gas-fired electricity during the extreme heat wave that blanketed the state earlier this month, according to the Energy Information Administration (EIA). Grid operator CAISO (aka California Independent System Operator) had to urge customers to cut back on electricity use during an extended stretch of sweltering temperatures in early September…

Natural gas prices again showed volatility this week as news of Russia potentially pouring more into the war effort warned of further disruptions to energy markets. After five sessions of losses, the October Nymex gas futures contract settled at $7.779/MMBtu on Wednesday, up 6.2 cents day/day. November gained 5.5 cents to $7.827. But then a…

Natural gas futures on Wednesday gained ground for the first time in five sessions as global supply doubts personified by Russia’s president and his threat of launching nuclear weapons overshadowed fading demand. At A Glance: BREAKING: U.S. EIA reports 103 Bcf injection into storage Putin makes nuclear threat Forecasts call for cooler weather The October…

Top North American natural gas marketers reported stronger overall sales volumes for the second quarter as production gathered momentum in response to strong consumption and prices. A multitude of enduring demand drivers could fuel momentum through this year and into next, marketers and traders say. The 24 gas marketers included in the latest NGI Top…